(PA cover for owner driver of RS. 15 lakh is not provided if vehicle is registered in an organization name. Your premium will be recomputed in this case)
It is a mandatory regulation by the government of to have car insurance in India if you are a car owner.
Moreover, it is very important to remain insured, safe and secure under an adequate car insurance policy. This helps you to save money and a lot of mental stress if you meet with any unforeseen circumstances like car accident or theft.
Here are top 3 reasons you must buy car insurance policy in India :
As per the Indian Motors Vehicle Act, third party insurance is mandatory on all the vehicles.
A comprehensive car insurance policy covers the damages incurred during an accident or car theft.
A third party car insurance helps to bear the expenses for damages to the other driver’s vehicle as well as provides money for any loss of life or limb along with hospitalisation and legal expenses.
It is very important to get your car insured at the earliest. If you already have coverage, get it renewed on time. Compare car insurance policies here at Cover360.
Before you buy, you must know the main benefits of car insurance :
All major insurance companies in India offer three primary types of car insurance policies.
Here is a quick list of all types of car insurance available with insurance providers :
Stand-alone Car Insurance
What is a Stand-alone Policy?
Stand-alone insurance gives customers opportunities to insure against specific risks that are unique to them.
With influence from 1st September 2019, Own Damage is no longer being combined with Third Party and is being sold as a standalone annual policy. If you purchased your car after 1st September 2018, you now have the choice of obtaining a Standalone Own Damage Car Insurance for the second year. With a 3-year Third-Party Insurance policy now being obligatory for all bike owners in India, the purchase and restoration of Own Damage cover are now individualistic and optional.
To purchase a standalone car insurance plan for own damage you must have a valid third-party liability policy which is legitimate for at least a year.
Is Stand-alone Policy mandatory?
Stand Alone own-damage car insurance is independent and optional.
What is covered in Stand-Alone Policy?
What is zero dep Stand-alone Policy?
In zero or nil depreciation cover, the policyholder receives the absolute claim on the value of parts such as plastic items, fibre, rubber, a windscreen that are reinstated in the event of loss due to accident.
Difference between Stand Alone and Own Damage
Here is a quick comparison table to help you understand your need for car insurance :
Buying a car insurance policy is a very good decision. You are securing yourself against losses and damages if you are driving on the roads, and it is necessary. However, before you buy, you must know what is included and what is excluded in your car insurance policy.
We are listing here all the inclusions and exclusions of a car insurance policy for your ready reference :
At Cover 360, we are committed to sharing all the possible information related to car insurance policies and insurance companies offering them. If you have any queries, you can always get in touch with us.
Car insurance policy is an important cover for you if you are driving on the roads. There is a certain premium, which you have to pay to buy a mandatory car insurance plan. If you wish to cover more, the premium cost rises.
We are discussing a few factors that affect the premium of car insurance policy :
Buying a car insurance policy is a matter of serious consideration. Insurance companies consider many points before assigning you a car insurance plan. Therefore, it is important for you too to consider important things before selecting a suitable policy.
Here are a few points you need to keep in mind while buying a car policy :
You can read all the relevant information related to car insurance policies at Cover 360. Be sure that you are making a well-informed decision to buy the most suitable insurance policy for your car.
What are add-on covers?
You can customise your car insurance policy by adding various cover options to it. You can choose these options as per your need and driving patterns. These add-on covers come at an additional premium.
The choices of car insurance add-ons are :
Buying the best-suited car insurance policy is not very difficult if you make the right choice by comparing all the available plans at Cover 360. We have a ready list of all the car insurance plans available in India that offer various benefits, add-ons and distinct features. All you have to do is compare carefully and choose.
Here are the major benefits of comparing car insurance policies online :
Cover360 is your best insurance compare platform that offers all the information related to car insurance policies available in India. If you have any queries, please call us today!
If you are looking to buy the best car insurance policy for your vehicle, you need to make a thorough research at Cover 360, compare car insurance policies and reach the best-suited one.
We are giving you a few important tips on how to buy car insurance policy, so that you make the right decision and be carefree for the entire year.
Mistakes to avoid while buying car insurance policy :
Cover 360 is your one stop insurance solutions provider and is committed to bring the accurate knowledge related to all insurance subjects. So not hesitate to call us if you have any queries.
Cover 360 is committed to bringing you all the important information related to buying and claiming car insurance policy. On this page, you will find all the steps on how to file a claim for your car insurance, in case you met with an accident or if your car was stolen.
How to claim car insurance if you meet with an accident :
If your car is stolen :
Once the local police station submits the final “no-trace report”, which means the vehicle could not be found, the insurance company will approve the claim. Once the claim is approved, you will have to transfer the RC of the stolen car in favour of the insurance company and hand over all sets of keys. You will also issue a letter of subrogation to the insurance company.
It is very important to provide all the right information along with all the required documents so that the claim for car insurance policy is processed smoothly.
Car insurance renewal is very important. If you do not renew your car insurance policy in time, you may land in unwanted circumstances with your car and you will not have a way out. Car insurance policy ensures the safety of your car and keeps many expenses in check.
Apart from that, the other important reasons to renew your car insurance policy within the grace period are :
How and where can you get your car policy renewal easily?
You can get your car insurance policy renewed at Cover 360 by comparing various policies listed on the website. It is also advised to go for a new insurance provider based on the added features or benefits that they are offering. You can also call your existing insurance provider or check their website to follow the renewal procedure.
When choosing the best car insurance plan for yourself, you must compare all the existing schemes and offers made by the top insurance companies in India. When you know all the available insurance products in the market, you can make a choice based on your individual needs and requirements.
We are listing the top insurance companies offering car insurance in India to help you make a well-informed choice.
The ranking is not in any particular order.
Here are the top trending car insurance plans available in India with their features and highlights. Please note, the plans are in no particular order. You can choose anyone that suits your needs the most.
A car insurance policy is an important instrument to serve the legal requirements posed by the government and to safeguard oneself and the vehicle from all kinds of unwanted circumstances. We at Cover 360 are committed to bringing all the imperative information related to car insurance policies in India to help you make informed decisions.
Here, we are listing a few factors that tell us about the importance of having car insurance policy :
It is always beneficial to have a car insurance policy in your pocket than to face stress and difficulties while driving on the roads. Compare car policies online here at Cover 360 and make the right choice, today!
Buying the most suitable car insurance policy is definitely a very important task. You must make a wise decision based on your car's model, make and utility. Also, car insurance helps you to feel secure while driving on the roads. While some people like to make the purchase offline through insurance agents, some feel it is better to buy car insurance online and get greater benefits. Which is a better procedure of buying a car insurance policy?
Let us find out the differences between buying car insurance policy online and offline :
Buying the Car Insurance :
Premium Cost :
Claim Settlement :
Thus, it is always beneficial to buy car insurance online. You can make a better decision on comparatively lower costs.
Cover360 – Poora Car Insurance Services Until Claim!
This is a comprehensive car insurance services platform that offers all the information, compare facility and easy buying options for all the available car insurance policies in India.
We make buying car insurance EASY!
We make buying car insurance AFFORDABLE!
We are a car insurance comparison platform that is TRUSTWORTHY!
Here is how Cover 360 helps you with buying the best car insurance policy :
Cover 360 is your one-stop solution to all the car insurance needs. We answer all the tricky questions that you may have in your mind. Call us today or reach out on mail.